unemployment rates: What’s Ahead For Mortgage Rates This Week : February 7, 2011
- 02/07/11 03:48 AM
Mortgage markets worsened last week as Wall Street came to terms with the expanding economy; and realized the Federal Reserve may be trying to induce inflation. Better-than-expected retail sales and positive job growth buoyed stock markets and sank bonds. Mortgage rates in AZ rose for the 4th time in 5 weeks last week, extending a losing streak which dates back 4 months. Today, fixed, conforming rates are three-quarters of a percent higher as compared to the market’s low point, November 3, 2010. For a $200,000 home loan, that size rate hike equates to an increase in a monthly mortgage payment of … (0 comments)
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Mortgage markets worsened last week as Wall Street came to terms with the expanding economy; and realized the Federal Reserve may be trying to induce inflation.
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